FINANCE ACT, 1993 (1993_act_13) | IE

ISB Act 1993-06-17

Schedule 1 FINANCE ACT, 1993 Open official source

FIRST SCHEDULE Amendment of Enactments

Amendment of Enactments

Sections 2 and 3.

PART I Amendments Consequential on Changes in Rates of Tax

PART I

Amendments Consequential on Changes in Rates of Tax

1. Section 1 (1) of the Income Tax Act, 1967, is, in relation to the year of assessment 1993-94 and subsequent years of assessment, hereby amended by the substitution of the following definition for the definition of “higher rates” (inserted by the Finance Act, 1991)

“‘higher rate’, in relation to tax, means the rate of tax, known by that description, provided for in section 2 (as amended by the Finance Act, 1993) of the Finance Act, 1992;”.

2. As respects the year of assessment 1993-94 and subsequent years of assessment, references in the Tax Acts to the higher rates shall be construed as references to the higher rate as defined in section 1 (1) (inserted by this Act) of the Income Tax Act, 1967.

PART II Amendments Consequential on Changes in Personal Reliefs

PART II

Amendments Consequential on Changes in Personal Reliefs

The Income Tax Act, 1967, is hereby amended in accordance with the following provisions

(a) in section 138—

(i) in paragraph (a), by the substitution of “£4,350” for “£4,200” (inserted by the Finance Act, 1991),

(ii) in paragraph (b) (as amended by the Finance Act, 1988), by the substitution of “£2,675” and “£4,350”, respectively, for “£2,600” and “£4,200” (inserted by the Finance Act, 1991), and

(iii) in paragraph (c), by the substitution of “£2,175” for “£2,100” (inserted by the Finance Act, 1991),

and

(b) in section 138A (2) (inserted by the Finance Act, 1985), by the substitution of “£1,675” and “£2,175”, respectively, for “£1,600” and “£2,100” (inserted by the Finance Act, 1991).

ISB Act 1993-06-17

Schedule 2 FINANCE ACT, 1993 Open official source

SECOND SCHEDULE Rates of Excise Duty on Tobacco Products

Rates of Excise Duty on Tobacco Products

Section 66.

Description of Product

Rate of Duty

Cigarettes

£50.59 per thousand together with an amount equal to 16.86 per cent. of the price at which the cigarettes are sold by retail

Cigars

£78.098 per kilogram

Fine-cut tobacco for the rolling of cigarettes

£65.903 per kilogram

Other smoking tobacco

£54.182 per kilogram

ISB Act 1993-06-17

Schedule 3 FINANCE ACT, 1993 Open official source

THIRD SCHEDULE Rates of Excise Duty on Cider and Perry

Rates of Excise Duty on Cider and Perry

Section 67.

Description of Cider and Perry

Rate of Duty

Still and Sparkling

Of an actual alcoholic strength by volume not exceeding 6 vol

£30.67 per hectolitre

Of an actual alcoholic strength by volume exceeding 6 vol but not exceeding 8.5 vol

£132.73 per hectolitre

Still

Of an actual alcoholic strength by volume exceeding 8.5 vol but not exceeding 15 vol

£204.00 per hectolitre

Of an actual alcoholic strength by volume exceeding 15 vol

£296.00 per hectolitre

Sparkling

Of an actual alcoholic strength by volume exceeding 8.5 vol

£408.00 per hectolitre

ISB Act 1993-06-17

Schedule 4 FINANCE ACT, 1993 Open official source

FOURTH SCHEDULE Rates of Excise Duty on Wine and Made Wine

Rates of Excise Duty on Wine and Made Wine

Section 68.

Description of Wine and Made Wine

Rate of Duty

Still and Sparkling

Of an actual alcoholic strength by volume not exceeding 5.5 vol

£68.00 per hectolitre

Still

Of an actual alcoholic strength by volume exceeding 5.5 vol but not exceeding 15 vol

£204.00 per hectolitre

Of an actual alcoholic strength by volume exceeding 15 vol

£296.00 per hectolitre

Sparkling

Of an actual alcoholic strength by volume exceeding 5.5 vol

£408.00 per hectolitre

ISB Act 1993-06-17

Schedule 5 FINANCE ACT, 1993 Open official source

FIFTH SCHEDULE Enactments Repealed

Enactments Repealed

Section 80.

Year and Number

Short Title

Extent of Repeal

(1)

(2)

(3)

1933, No. 15

Finance Act, 1933

Section 14.

1936, No. 31

Finance Act, 1936

Sections 17 and 18.

1938, No. 25

Finance Act, 1938

Section 18.

1946, No. 15

Finance Act, 1946

Section 17.

FINANCE ACT, 1993

Statutory Text (5 Articles)

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